Determining the award year for a Federal Pell Grant payment period that occurs in two award years.

34 C.F.R. § 690.64
in effectEffective: 2024-07-01
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(a) If a student enrolls in a payment period that is scheduled to occur in two award years— (1) The entire payment period must be considered to occur within one award year; (2) The institution must determine for each Federal Pell Grant recipient the award year in which the payment period will be placed; (3) If an institution places the payment period in the first award year, it must pay a student with funds from the first award year; and (4) If an institution places the payment period in the second award year, it must pay a student with funds from the second award year. (b) An institution may not make a payment which will result in the student receiving more than one and one-half of his or her Scheduled Federal Pell Grant for an award year.

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